VW’s $5.8B Rivian Deal Hinges on Key Milestone Achievements
Volkswagen Group has invested a substantial $5.8 billion in Rivian, a promising electric vehicle (EV) startup. However, this investment …
Best Buy will launch in-home hospital maintenance through a new deal with Atrium Health
- Industrytech
- March 8, 2023
- 2:33 am
- No Comments
March 8, 2023: Best Buy is famous for installing TVs and home theatre systems. Now, Geek Squad is helping to set up virtual hospital rooms.
On Tuesday, the consumer electronics retailer said it had struck a three-year management with Atrium Health, a North Carolina-based healthcare system, enabling a hospital-at-home program. Atrium Health is related to Advocate Health, one of the largest healthcare nonprofits in the country.
Best Buy’s Geek Squad going as patients’ homes, is setting technology that remotely monitors their heart price, blood oxygen level or other vitals and trains the patient or others in the house on how to use the devices. The information would then be shared with doctors and nurses through the telemedicine area from Current Health.
Best Buy began, which set up virtual-care systems for ten hospitals in and around Charlotte, North Carolina, in mid-February. The company said it aims to have 100 patients in the program daily, roughly equivalent to a midsized hospital but without a building.
Best Buy and Atrium did not say any specific financial terms but said Atrium would buy the devices from Best Buy and utilize Geek Squad services for installation and retrieval when the patient is cleared from care. Patients pay Atrium through their insurance, which includes Medicare or Medicaid.
Best Buy Health’s President Deborah Di Sanzo said that the Geek Squad doing the setup leaves the doctors and nurses free focusing on patients’ Health.
“This smooths out that connection amid technology and care,” she stated.
Best Buy’s home hospital program represents the recent push to turn health care into a meaningful revenue driver. Its healthcare expansion comes as sales of other consumer electronics slow.
Like retailers like Walmart and Target, Best Buy has seen consumers buy lesser big-ticket and discretionary items as they fulfil more for food and housing. A lot of consumers also purchased or upgraded their laptops, smartphones, kitchen appliances and different similar products during the early stages of the pandemic.
The retailer anticipates a same-store sales decline of 3% and 6% in the financial year, with most of that decrease coming in the first six months.
Over the previous five years, Best Buy has acquired three healthcare companies: GreatCall, making easy-to-use cell phones and connected health gadgets and provides emergency answer services for ageing adults; Critical Signal Technologies, one more senior-focused firm; and Current Health, a tech concern based in the United Kingdom helping with remote patient monitoring and telehealth. Best Buy also sells health and wellness gadgets, including hearing aids and fitness trackers.
- Categories: News
About Us
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
Recent Posts
The Lake Companies | Making Manufacturing Easier…Forever! | Greg Lake
The Lake Companies knows that to achieve best practices, specific daily business processes must happen and be done as simply as possible, even without human effort. “That’s how we develop our ERP software products. We strive to completely transform internal business processes and revolutionize the user experience with our software,” says Greg Lake, President of The Lake Companies. “Building the support for best practices in our software allows our customers to achieve far more than they anticipated, while paving the way for growth into advanced IoT and Industry 4.0 technologies. Our Simple, Elegant, and Powerful solutions are built specifically for and seamlessly integrate with Infor’s SyteLine®(CloudSuite®) ERP.”
Omron Automation | A Leading Solution Provider in Industrial Automation | Robb Black
Omron Automation Americas is a division of Omron, an industrial automation leader that creates, sells, and services fully integrated automation solutions including sensing, control, safety, vision, motion, robotics, and more. Established in 1933, Omron’s team of more than 30,000 employees helps businesses solve problems with creativity in more than 110 countries around the world.
Gecko Robotics | Transforming the Manufacturing Industry | Ed Bryner
Sitting in the decommissioned elevator shaft of an old industrial warehouse in the historic Point Breeze neighborhood of Pittsburgh, PA, Ed Bryner and a small team of mechanical engineers watch a robot scale old, rusted piping.
Using Industrial Automation to Revitalize Infrastructure
“We rely so heavily on so many of these industrial assets and a lot of them are getting really old,” said Bryner, Director of Engineering at Gecko Robotics. “You see it with bridges and roadways. But buildings, power plants, pipelines, and more need a lot of infrastructure inspections, too.”
Exel Computer Systems PLC | Offering A Comprehensive & Flexible Business Solution | Rue Dilhe
Exel Computer Systems plc was established in 1985, and today, the company is a leading force in providing comprehensive, AI-enabled solutions for manufacturing companies and field service providers. Exel serves an increasingly diverse customer base, which includes small, medium and large size companies. With hundreds of successful implementations and thousands of users in the UK and worldwide, Exel has a proven track record of working with some of the world’s most well-known companies.
Micro Estimating Systems, Inc | Empowering Manufacturers to Make Informed Decisions | Joseph Rose
Manufacturers often struggle with generating accurate and timely quotes, delaying customer responses and risking profitability. Traditional quoting processes can take days or even weeks, while customers expect responses within 24 hours. Micro Estimating Systems addresses these challenges with advanced software that allows users to generate highly accurate quotes in minutes. By integrating with shop-specific data and automating feature recognition, their solutions ensure precision and speed, empowering manufacturers to make informed decisions and enhance their operational efficiency.